Trump & Putin join forces to SMASH Saudi Prince MbS (Video)

Trump & Putin join forces to SMASH Saudi Prince MbS (Video)

The Duran Quick Take: Episode 516

The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss the Monday phone call between US President Donald Trump and his Russian President Vladimir Putin. The leaders discussed plunging oil prices and the coronavirus pandemic.

The two leaders “expressed serious concern regarding the scope of the spread of the coronavirus” and “discussed closer cooperation,” according to a Kremlin statement on what it described as the a”lengthy” phone call.

White House and Kremlin statements reported that the oil market turmoil was discussed, with the White House version stating agreement on the “importance of stability in global energy markets.”

Most certainly both leaders focused on how best to deal with Saudi Prince MbS and his oil price war.


Support Free Speech:

Subscribe to The Duran on YouTube – Find us on BitChute.

The Duran Audio Podcast:
Follow on Soundcloud – Subscribe on iTunes.


Via Reuters…

U.S. President Donald Trump and Russian President Vladimir Putin agreed during a phone call on Monday to have their top energy officials discuss slumping global oil markets, the Kremlin said, as Trump called Russia’s price war with Saudi Arabia “crazy.”

The agreement marks a new twist in global oil diplomacy since a failed deal earlier this month between the Organization of the Petroleum Exporting Countries and Russia to cut production ignited the price war between Russia and OPEC’s de facto leader Saudi Arabia.

The fallout from the coronavirus pandemic also helped to send oil prices into a historic tailspin, threatening higher-cost drillers in the United States and around the globe with bankruptcy.

“Opinions on the current state of global oil markets were exchanged. It was agreed there would be Russo-American consultations about this through the ministers of energy,” the Kremlin said in a readout of the call.

White House spokesman Judd Deere said the two leaders had agreed on the importance of stability in global energy markets. U.S. Energy Secretary Dan Brouillette will talk with Russian Energy Minister Alexander Novak about “ways the world’s largest producers can address volatility in the global oil markets,” Energy Department spokeswoman Shaylyn Hynes said.

The Kremlin did not say what exactly the ministers would discuss, but Moscow has previously signaled it would like to see more countries joining efforts to balance global oil markets.

Shortly before Monday’s phone call, Trump said Saudi Arabia and Russia “both went crazy” in their oil-price war and that “I never thought I’d be saying that maybe we have to have an oil (price) increase, because we do.”

“The price is so low now they’re fighting like crazy over, over distribution and over how many barrels to let go,” Trump said in an interview on Fox News.

The United States has grown in recent years into the world’s largest oil and gas producer, thanks to a technology-driven shale drilling boom. But the current price of oil is below the production cost of many American drillers.

That has threatened the highly leveraged U.S. shale industry.

“We don’t want to have a dead industry that’s wiped out,” Trump said in the interview. “It’s bad for them, bad for everybody. This is a fight between Saudi Arabia and Russia having to do with how many barrels to let out. And they both went crazy, they both went crazy.”

Goldman Sachs analysts said that oil demand from commuters and airlines, which account for about 16 million barrels per day of global consumption, may never return to their previous levels.

Oil prices fell on Monday, with U.S. crude future CLc1 dropping below $20 a barrel and international benchmark Brent LCOc1 falling to 18-year lows.

The Trump administration is also seeking to persuade the world’s top oil exporter, Saudi Arabia, to cut crude output, and will soon send a special energy envoy, Victoria Coates, to the kingdom.

In addition to oil and the pandemic, Trump said he and Putin would talk about trade and sanctions the United States has imposed on Russia.

After Washington imposed sanctions on two units of Russia’s largest oil producer Rosneft (ROSN.MM) in Venezuela, the company said on Saturday it had sold the assets to an unnamed company owned by the Russian government.

The change of ownership means any future U.S. sanctions on Russian-controlled oil operations in Venezuela would target the Russian government directly. The Trump administration had accused Rosneft of providing a financial lifeline to Venezuela’s President Nicolas Maduro, a socialist. Washington recognizes opposition leader Juan Guaido as the country’s legitimate interim president.

Late last year, Washington slapped sanctions on Russia’s Nord Stream 2 natural gas pipeline, halting work on the project weeks before it was expected to be finished. Russia says the pipeline will be completed eventually. But the delay could allow increased competition for gas markets in Europe, where the United States is eager to export more liquefied natural gas.

Trump said in the Fox interview that Putin has been asking over the last two years for the sanctions to be lifted and probably would do so on the call. Kremlin spokesman Dmitry Peskov denied Trump’s claim that Putin had made the requests over the course of the past two years, the TASS news agency said in a report.

************

Original article

••••

The Liberty Beacon Project is now expanding at a near exponential rate, and for this we are grateful and excited! But we must also be practical. For 7 years we have not asked for any donations, and have built this project with our own funds as we grew. We are now experiencing ever increasing growing pains due to the large number of websites and projects we represent. So we have just installed donation buttons on our websites and ask that you consider this when you visit them. Nothing is too small. We thank you for all your support and your considerations … (TLB)

••••

Comment Policy: As a privately owned web site, we reserve the right to remove comments that contain spam, advertising, vulgarity, threats of violence, racism, or personal/abusive attacks on other users. This also applies to trolling, the use of more than one alias, or just intentional mischief. Enforcement of this policy is at the discretion of this websites administrators. Repeat offenders may be blocked or permanently banned without prior warning.

••••

Disclaimer: TLB websites contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of “fair use” in an effort to advance a better understanding of political, health, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than “fair use” you must request permission from the copyright owner.

••••

Disclaimer: The information and opinions shared are for informational purposes only including, but not limited to, text, graphics, images and other material are not intended as medical advice or instruction. Nothing mentioned is intended to be a substitute for professional medical advice, diagnosis or treatment.

Be the first to comment

Leave a Reply

Your email address will not be published.


*